So the thing that I keep coming back to is that it's called "True Strike".
There are a few things it can be balanced around:
A) Increasing accuracy and damage
B) Increasing accuracy only (to eventually be a guaranteed hit)
C) Increasing damage only
Option C doesn't make a lot of sense for a Cantrip called "True Strike". The only classes that I think would use Option B are rogue and paladin. Option A seems to be what most here have recommended.